FTMDF FORTUNE MINERALS LD
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FORTUNE MINERALS LD News
Fortune Minerals Extends Option to Acquire Alberta Refinery Site for the NICO Critical Minerals Project
Fortune Minerals Announces Results of Annual and Special Meeting of Shareholders
Fortune Minerals Limited (TSX:FT) (OTCQB:FTMDF) ("Fortune" or the "Company") () reports that the nominees listed in the management information circular for the 2023 Annual and Special Meeting of
Fortune Minerals Announces Settlement of 2015 Debentures
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Fortune Minerals Limited (TSX:FT) (OTCQB:FTMDF) ("Fortune" or the "Company") () is pleased to announce that
Fortune Minerals Provides Summary of Key Highlights of the Recent Cobalt Institute Cobalt Market Report 2021
Transition to Electric Vehicles driving year on year and projected cobalt demand growth Fortune Minerals Limited (TSX:FT) (OTCQB:FTMDF) ("Fortune" or the "Company") () is pleased to provide a summary of the key highlights from
Fed Bullard: it's time to withdraw the Fed's stimulus measures
James Bullard, president of the Federal Reserve Bank of St. Louis, said he was ready to start slowing down the pace of central bank bond purchases, as long as his colleagues were willing to do so. "I think, with the economy growing at a rate of 7% and the epidemic getting better and better under control, I think it is time to cancel the emergency measures," he said in an interview on Monday. When it comes to the prospect of the Fed cutting back on Treasury and mortgage bond purchases, "We do want to proceed cautiously, but I think we are in a very good position to start reducing the size." "I don't need to leave tomorrow, but I think we are
The Federal Reserve warns Deutsche Bank that it may be fined if it fails to control anti-money laundering.
The Fed has warned Deutsche Bank in recent weeks to address persistent deficiencies in anti-money laundering controls or could impose fines, according to people familiar with the matter. While Deutsche Bank has said it is allocating significant resources to adjust anti-money laundering controls, the Fed said that instead of making progress, it was going backwards. The Fed says some of these anti-money laundering controls need immediate attention. In 2017, Deutsche Bank was fined $41 million by the Federal Reserve for poor anti-money laundering. In 2018, the Federal Reserve classified Deutsche Bank's US operations as "trou"
Sources say Japan is considering allowing special purpose buyout companies to go public.
According to market news, Japan is considering changing the rules to allow (SPAC), a special purpose acquisition company, to conduct an initial public offering in China. (IPO), may have more scrutiny and investor protection in terms of rules than in the United States. It is reported that Japan's Financial Agency, the Ministry of economy, Trade and Industry and the Tokyo Stock Exchange will discuss this issue this summer. Japan's cabinet plans to include this issue in its strategic growth plan in June. Given the time required for the Tokyo Stock Exchange to revise IPO procedures and formulate new rules, so-called special purpose buyout companies could be allowed to go public as early as next year.
The weak demand for inflation-protected bonds shows that the market believes in the Fed's temporary inflation theory.
Demand for (TIPS), a 10-year inflation-protected bond issued by the US Treasury on Thursday, was weaker than expected, showing confidence in the Fed's claims of a temporary rise in inflation. The winning yield of the $13 billion TIPS bond was-0.805 per cent, about 2 basis points higher than the pre-issue yield, meaning demand was lower than brokers expected. The interest paid on the bond is determined by the consumer price index (CPI), and the difference between the TIPS yield and the yield of the ordinary 10-year bond before the issue is 2.46%, reflecting the average CPI increase needed to equalize the two. After this bond issue, the profit
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